The Wrapped Bitcoin Project Has Officially Launched on Ethereum

On Jan. 30, a group of cryptocurrency developers and organizations officially launched a project called Wrapped Bitcoin (WBTC) on the Ethereum network. The ERC20 token is a coin backed by bitcoin core (BTC) reserves and has started trading on several exchange platforms. Also read: A Look at Openbazaar’s Multi-Currency Wallet and Vendor Listings The Introduction of … Read more

The Daily: Iran Said to Announce Crypto-Rial This Week, Italy Closer to Crypto Regulation

In this edition of The Daily, Iran is reportedly preparing to announce its national cryptocurrency during a conference starting on Jan. 29. Also, a draft decree introducing legal definitions for terms related to cryptocurrencies has been introduced in the Italian Senate and the IMF has voiced concerns over Malta’s blockchain industry while recognizing the positive … Read more

Chainalysis Unveils AML Tool for Stablecoins

Cryptocurrencies tend to attract a lot of attention from criminals. This is primarily due to their perceived anonymity and privacy aspects.  Several blockchain analysis companies specialize in ensuring such criminal activity cannot take place. Chainalysis has now confirmed they are launching a similar service for stablecoins. A remarkable development, although one that also makes a … Read more